SHA:688322

Orbbec Proposes to Reduce Planned Proceeds for Two Projects; Shares Down 3%

Orbbec (SHA:688322) proposed to reduce the amount of proceeds allocated to two projects, according to a Shanghai bourse filing on Thursday.The decision was made after the net proceeds raised from a share placement, which amounted to 974.7 million yuan, were found to be lower than the amount originally planned for investment.The company will slightly reduce the planned proceeds for a research and development platform for an AI vision and spatial perception technology for robotics to 8.58 billion yuan.The planned proceeds for an AI vision sensor and intelligent hardware manufacturing base will be reduced to 1.17 billion yuan from 1.22 billion yuan.The Chinese electronics components distributor's shares fell 3% during the afternoon trade.

Orbbec's Controlling Shareholder Divests Company Stake

Orbbec's (SHA:688322) controlling shareholder trimmed his holdings in the company, according to a Shanghai bourse filing on Friday.The controlling shareholder, Huang Yuanhao, along with his parties in concert, offloaded 1,106,350 shares, or 0.27% of the company's total shares, through centralized bidding transactions between Wednesday and Thursday.After the transaction, their stake fell to 34.27% from 35.13%.The electronics components distributor's shares fell 2% during the afternoon trade.

Nomura Adjusts Orbbec's Price Target to 130 Yuan From 115 Yuan, Keeps at Buy

Orbbec Forecasts Decline in 2026 Related-Party Transactions

Orbbec (SHA:688322) forecasted 165 million yuan in 2026 routine related party transactions, lower than 261.5 million yuan last year.The transactions involve purchasing raw materials, selling products, and providing services primarily with Ant Group entities and Hangzhou Shanyi Intelligent Technology, according to a filing with the Shanghai bourse.Shares of the electronics components distributor were up 1% in recent trade.

Orbbec Turns to 2025 Profit, Revenue Climbs 67%

Orbbec (SHA:688322) posted 2025 attributable net profit of 70.9 million yuan, compared with loss of 112.2 million yuan the previous year.Earnings per share stood at 0.32 yuan, versus loss per share of 0.16 yuan last year, according to a filing with the Shanghai bourse.Operating revenue climbed 67% year over year to 940.7 million yuan from 564.5 million yuan.Shares of the electronics components distributor were up 1% in recent trade.